Featured Product

    CBIRC Publishes Interim Measures for Financial Leasing Companies

    June 09, 2020

    CBIRC published interim measures for supervision and management of financial leasing companies, along with questions and answers (Q&As) related to the measures. The interim measures clarify the business scope, scope of lease items, and prohibited businesses or activities of the financial leasing companies. The measure shall be implemented from the date of issuance. Additionally, CBIRC issued provisions on implementation procedures of administrative licensing for financial institutions supervised and managed by CBIRC. The provisions cover main procedural issues involved in the process of administrative licensing. The provisions shall come into force as of July 01, 2020.

    The interim measures require that the financial leasing companies improve corporate governance, internal control, risk management, and related-party transactions. It strengthens the constraints of regulatory indicators. Some new prudential supervision indicators have been set up, including the proportion of financial leasing assets, fixed income securities investment, and business concentration to promote financial leasing companies to focus on their main businesses and enhance their risk prevention and control capabilities. The measures also set out provisions related to supervision, administration, and legal responsibilities. In the next step, CBIRC will focus to implement the measures and strengthen supervision and guidance.


    Related Links (in Chinese and English)

    Effective Date: Date of Issuance (Interim Measures) and July 01, 2020 (Provisions)

    Keywords: Asia Pacific, China, Banking, Insurance, Leasing, Financial Leasing, Administrative Licensing, Q&A, CBIRC

    Related Articles

    BOE Sets Out Its Thinking on Regulatory Capital and Climate Risks

    The Bank of England (BOE) published a working paper that aims to understand the climate-related disclosures of UK financial institutions.

    March 13, 2023 WebPage Regulatory News

    OSFI Finalizes on Climate Risk Guideline, Issues Other Updates

    The Office of the Superintendent of Financial Institutions (OSFI) is seeking comments, until May 31, 2023, on the draft guideline on culture and behavior risk, with final guideline expected by the end of 2023.

    March 12, 2023 WebPage Regulatory News

    BIS Paper Examines Impact of Greenhouse Gas Emissions on Lending

    BIS issued a paper that investigates the effect of the greenhouse gas, or GHG, emissions of firms on bank loans using bank–firm matched data of Japanese listed firms from 2006 to 2018.

    March 03, 2023 WebPage Regulatory News

    HMT Mulls Alignment of Ring-Fencing and Resolution Regimes for Banks

    The HM Treasury (HMT) is seeking evidence, until May 07, 2023, on practicalities of aligning the ring-fencing and the banking resolution regimes for banks.

    March 02, 2023 WebPage Regulatory News

    BCBS Report Examines Impact of Basel III Framework for Banks

    The Basel Committee on Banking Supervision (BCBS) published results of the Basel III monitoring exercise based on the June 30, 2022 data.

    February 28, 2023 WebPage Regulatory News

    PRA Consults on Prudential Rules for "Simpler-Regime" Firms

    Among the recent regulatory updates from UK authorities, a key development is the first-phase consultation, from the Prudential Regulation Authority (PRA), on simplifications to the prudential framework that would apply to the simpler-regime firms.

    February 28, 2023 WebPage Regulatory News

    DNB Publishes Multiple Reporting Updates for Banks

    DNB, the central bank of Netherlands, updated the list of additional reporting requests and published additional data quality checks and XBRL-Formula linkbase documents for the first quarter of 2023.

    February 28, 2023 WebPage Regulatory News

    NBB Sets Out Climate Risk Expectations, Issues Reporting Updates

    The National Bank of Belgium (NBB) published a communication on climate-related and environmental risks, issued an update on XBRL reporting

    February 24, 2023 WebPage Regulatory News

    EBA Updates Address Securitization Standards and DGS Guidelines

    The European Banking Authority (EBA) published the final draft of the regulatory technical standards that set out conditions for assessment of homogeneity of the underlying exposures in simple, transparent, and standardized (STS) securitizations.

    February 21, 2023 WebPage Regulatory News

    FSB Publishes Letter to G20, Sets Out Work Priorities for 2023

    The Financial Stability Board (FSB) published a letter intended for the G20 Finance Ministers and Central Bank Governors, highlighting the work that FSB will take forward under the Indian G20 Presidency in 2023

    February 20, 2023 WebPage Regulatory News
    RESULTS 1 - 10 OF 8793